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Teva pain treatment gets FDA orphan drug status
Globes, Tel Aviv, IsraelTeva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and Xenon Pharmaceuticals Inc. announced today that the US Food and Drug Administration (FDA) has granted orphan-drug status to the investigational drug XEN402 being developed for the...Tags: Prescription Drugs, Israel, Pain, Food and Drug Administration, Teva Pharmaceutical Industries Limited
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BRIEF: Shekel resumes strengthening
Globes, Tel Aviv, IsraelThe shekel resumed its strengthening against the dollar and euro in morning inter-bank trading today. The shekel-dollar exchange rate fell 0.29 percent, compared with yesterday's representative rate, to NIS 3.618/$ and the shekel-euro exchange rate fell...Tags: Israel, Money and Monetary Policy, Foreign Exchange Market
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Fahn Kanne: IDB Development is solvent
Globes, Tel Aviv, IsraelEven as IDB Development Corporation's bondholders representative claims that the value of the company's assets is negative and that it is insolvent, sources inform "Globes" that the company has an opinion by Fahn Kanne Consulting Ltd., which states that...Tags: Israel, Bonds, Consultancy Service
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BoI: Loans should be repaid in full
Globes, Tel Aviv, Israel"Loans should be repaid to the last shekel -- small business, mid-sized business, big business," Supervisor of Banks David Zaken told the Knesset Finance Committee at today's meeting to discuss bank debt. "This is not an open question. Every way should be...Tags: Knesset, Israel, Business Enterprises, Business, Economy, Business and Finance
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BRIEF: Babylon teams with Yahoo!
Globes, Tel Aviv, IsraelOnline translation company Babylon Ltd. (TASE:BBYL) has signed a four-year cooperation agreement with Yahoo! Inc. (Nasdaq: YHOO), with an option to extend. The two companies will share revenue from Internet and mobile advertising. In a notice to the...Tags: Israel, Yahoo! Inc.
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BRIEF: Israeli airlines resume flights
Globes, Tel Aviv, IsraelThe Israeli airlines resumed activity last night, after reaching agreement with the Ministry of Finance on ending the strike that was provoked by the government's decision to sign the Open Skies agreement with the EU. It will take a few more days until...Tags: Travel, Israel, Transportation, Air Transportation Delays, Air Transportation
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Qualcomm founder Jacobs donates $133m to Cornell-Technion Inst.
Globes, Tel Aviv, IsraelQualcomm founder Irwin Mark Jacobs and his wife, Joan, have made a $133 million gift to Cornell University and the Technion -- Israel Institute of Technology to create the Joan and Irwin Jacobs Technion-Cornell Innovation Institute (JTCII). The...Tags: Roosevelt, New York City, Cornell University, Qualcomm Inc., Israel
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13 cos complete 2nd Microsoft Israel Accelerator program
Globes, Tel Aviv, IsraelPhysiotherapy in front of the television at home, editing pictures like an expert graphic designer, learning to play the guitar, and providing women with a new online shopping experience are just some of the start ups which reached the finish line for the...Tags: Israel, Microsoft Corporation, Health Treatments, Apple iPhone, Startups
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BRIEF: IAI to build F-35 wings for Lockheed Martin
Globes, Tel Aviv, IsraelIsrael Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) will build wings for the F-35 Lightning II stealth combat jet, which Lockheed Martin Corporation (NYSE: LMT) will begin producing in 2015. The 10-15 year contract has a potential value of $2.5...Tags: Israel, Lockheed Martin Corp., Military Aircraft
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Mobile payments co ZooZ raises $2m
Globes, Tel Aviv, IsraelMobile payments company ZooZ has closed a $2 million Series A financing round, which was led by XSeed Capital and included previous investors Lool Ventures and Rhodium. This brings ZooZ's funding to date to $3.5 million. The company, which has developed...Tags: Israel, Global Expansion, Consumers, Forrester Research Incorporated
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Airport strike ends after security costs agreement
Globes, Tel Aviv, IsraelEl Al Israel Airlines Ltd. (TASE: ELAL) and the Ministry of Finance have reached agreement over the higher security costs that the airline is required to pay as an Israeli carrier, thus ending the strike that began Sunday in protest against the Open Skies...Tags: Israel, Air Transportation Industry
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European airlines welcome Israel's open skies
Globes, Tel Aviv, IsraelThe representatives of European airlines in Israel are satisfied. After years of talks and threats, the Open Skies agreement with the EU became a done deal yesterday, and they are now ready to take over the Israeli market. Not every airline is planning at...Tags: United Kingdom, Israel, Munich (Germany), Marketing, Air Transportation Industry
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